2277 Thunderstick Drive

Office for Sale
Catylist Listing ID: 30296334
Property Subtypes: Medical, Office Building, Research & Development
Building Size (RSF): 40,690 SF
Gross Building Area: See Agent
Gross Land Area: 3.65 Acres
Sale Price: $3,975,000
Unit Price: $97.69 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Undisclosed
Cap Rate: 8.1%
Average Occupancy Rate: 82
Last Updated: 10/15/2018

Overview / Comments

2277 Thunderstick Drive is a 40,690 square foot single story lab/professional office building situated on 3.65 acres. Built in 1988, the building has Class A construction with steel, brick veneer, and glass panels. The property is zoned P-1 (Professional Office) and comes with approximately 220 parking spaces at a ratio of 5.4/1,000 SF.

Property Highlights:
-0.4 Miles from I-75
-220 Parking Spaces/5.4 per 1,000 SF
-8.1% in Place Cap Rate/82% Occupied
-Valuable in place Laboratory Infrastructure
-Value Add - Vacancy Lease up, Owner Occupant, and Load Factor Conversion
-Proximal Hospitality, Retail, and Dining Amenities

Attachments & Media

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Zoning: P-1
Area Description: Located in Executive Park off of Winchester Road in east Lexington. The property is extremely well located 0.4 miles from I-75 and 1.4 miles away from the I-75/I-64 cross. The property is situated across from the Hamburg Pavilion providing Tenants and visitors an abundance of hospitality, shopping, dining, banking, residential, multifamily, and educational amenities.
Total Number of Buildings: 1
Year Built: 1988
Parking Ratio: 5.4 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 220
Sprinklers: Wet
Zoning Description: Professional Office

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,617 62,260 168,904
Median Age: 35.49 36.57 34.72
Households: 1,602 27,493 72,763

Contact

© Copyright 2001-2018 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.